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Report Finds Legal Cannabis Could Bring Texas $500M In Annual Tax Revenue

Report Finds Legal Cannabis Could Bring Texas $500M In Annual Tax Revenue

Legalizing cannabis in Texas could bring the state more than half a billion dollars in new tax revenue each year, according to a report released last week by a leading cannabis policy and law firm.…

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UK’s Sunak stumps up more help for COVID-hit businesses

UK’s Sunak stumps up more help for COVID-hit businesses

British finance minister Rishi Sunak was forced to offer more financial help on Thursday to businesses grappling with a resurgence of the COVID-19 pandemic, which looks increasingly likely to derail the economic recovery. Sunak told…

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The Economy Won’t Be Back To Normal Until 2022 Or Later, According To Our Survey Of Economists

The Economy Won’t Be Back To Normal Until 2022 Or Later, According To Our Survey Of Economists

It’s been about four months since the National Bureau of Economic Research declared that the U.S. was officially in a recession, and what a weird recession — and recovery — it’s been. The stock market has…

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EU to use bond auctions to sell debt for 800-billion-euro recovery fund

EU to use bond auctions to sell debt for 800-billion-euro recovery fund

The European Commission will use bond auctions to sell some of the debt to back its coronavirus recovery fund, the commissioner for budget and administration said on Thursday. Details about the tools the EU will…

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No matter who wins, the US is condemned to eternal debt (and Mexico will not escape its effects)

No matter who wins, the US is condemned to eternal debt (and Mexico will not escape its effects)

Whoever wins the next presidential election in the United States will not be able to avoid a policy of growing debt, but will encourage it. It would have already laid the foundations for the next great…

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Singapore’s economic decline seen slowing in third quarter, central bank on hold

Singapore’s economic decline seen slowing in third quarter, central bank on hold

Singapore’s economic decline is expected to have slowed significantly in the third quarter as the city-state loosened coronavirus curbs, giving the central bank room to keep monetary settings unchanged when it meets next week. Gross…

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Barclays to enter new European private banking markets in 2021 

Barclays to enter new European private banking markets in 2021 

Barclays (L:BARC) plans to enter four new European private banking markets in 2021, its regional manager for the business told Reuters. Gerald Mathieu, who in September became Barclays’ private banking head for Europe outside Britain, said…

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New pandemic wave could delay euro zone rebound, Lagarde says 

New pandemic wave could delay euro zone rebound, Lagarde says 

A second wave of the coronavirus pandemic risks delaying the euro zone’s economic recovery, European Central Bank President Christine Lagarde said on Tuesday.   “We now fear that the containment measures that have to be…

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Stocks and bonds look ‘more interesting’ in Asia than in the U.S., Credit Suisse says

Stocks and bonds look ‘more interesting’ in Asia than in the U.S., Credit Suisse says

Investors should look at Asia instead of the U.S. when it comes to stocks and bonds, an investment strategist told CNBC this week. “Given the election risk in U.S. and more expensive valuations, I think…

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Russian oil and gas condensate output up in September

Russian oil and gas condensate output up in September

Russian oil and gas condensate production edged up to 9.93 million barrels per day (bpd) in September, Interfax said on Friday, citing Energy Ministry data that suggests Russia slightly exceeded its quota under a global supply…

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